What Does a Dealership Policy Cover?
A typical dealership plan will cover the following:
- Garage keepers: covers any damage to garage-owned or customer-owned autos at the dealership
- Garage-owned autos: covers any damage to dealership owned vehicles either on the lot or stored
- Hired autos: protects any vehicles that you or your employees rent for business purposes
- Owned autos: protection against claims involving ownership and/or disagreements
- Newly acquired autos: protection for your new or additional vehicles acquired during the policy period
- Property damage and bodily injury: coverage for possible damage from lot or dealership-related operations